In June of 2026, Emerald Creek Capital provided a $4,000,000 construction loan in the Astoria neighborhood of Queens, NY. The loan is secured by a 3,350-square-foot development site with a gross buildable area of 9,872 square feet. Development plans call for a six-story Class A condominium building consisting of 10 residential units above a ground-floor retail unit. The residential unit mix will consist entirely of one-bedroom layouts averaging 671 square feet, while the ground-floor retail space will span 1,275 square feet. The subject property will feature high-end finishes including stainless steel appliances, granite countertops, and private balconies, complemented by building amenities such as a landscaped rooftop terrace. Astoria is one of Queens’ most dynamic and sought-after neighborhoods, known for its vibrant dining and cultural scene, strong condominium demand, and proximity to Manhattan. The subject property benefits from convenient transit access via the N and W trains at the 30th Avenue station on 31st Street, providing a direct connection to Midtown Manhattan.
For more information, please contact:
Dean Wang, Director
(646) 561-4750
dwang@emeraldcreekcapital.com
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